323 W Johnson Highway

    NORRISTOWN, PA 19401
    • $175,000
    • STATUS: Active
    • ON SITE: 323 days
    • ID#: PAMC374140
    UPDATED: 73 min ago
    $175,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1935
    County:

    School Ratings & Info

    School District:

    Description

    2 story commercial triplex available. Great affordable investment opportunity! First floor is split in to two spaces. One is a real estate office and the other was used as a dentist office. The latter is currently vacant and would be well suited for a multitude of uses. Perfect investment for a owner occupier. The second floor is a sizable 2 bedroom apartment that is currently occupied. All tenants are on a month to month lease. Fully rented, this property should yield a respectable cap rate. High traffic counts, walkable to public transportation, easy access to Ridge Pike, Germantown Pike, RT 202, I-476, I-76 and the turnpike.Although property is zoned commercial, it is possible to convert this to a single family home. It would however be buyer~s due diligence to contact East Norriton Township to determine what~s allowable.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-12-05T09:52:37.59.
    www.balihomes-md.com/homes/90873609

    323 W Johnson Highway NORRISTOWN, PA 19401

    • Price: $175,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: PAMC374140
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    1935
    Built
    Neighborhood:
    East Norriton Twp (10633)
    County:
    Montgomery
    Area:
    East Norriton Twp (10633)
    School District:
    Norristown Area
    Property Description
    2 story commercial triplex available. Great affordable investment opportunity! First floor is split in to two spaces. One is a real estate office and the other was used as a dentist office. The latter is currently vacant and would be well suited for a multitude of uses. Perfect investment for a owner occupier. The second floor is a sizable 2 bedroom apartment that is currently occupied. All tenants are on a month to month lease. Fully rented, this property should yield a respectable cap rate. High traffic counts, walkable to public transportation, easy access to Ridge Pike, Germantown Pike, RT 202, I-476, I-76 and the turnpike.Although property is zoned commercial, it is possible to convert this to a single family home. It would however be buyer~s due diligence to contact East Norriton Township to determine what~s allowable.
    Exterior Features

    Construction Materials BrickMasonryStucco Direction Faces South Garage YN No Location Type Business District Lot Features Front YardLandscapingPrivate Other Structures Above GradeBelow Grade Parking Features Asphalt DrivewayFencedFreePrivate Parking Types DrivewayOff StreetParking Lot Riparian Rights YN No Roof ShingleAsphalt Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 3369.00 Cooling Wall UnitCentral A/C Flooring CarpetTile/Brick Heating Baseboard - Hot WaterForced Air Heating YN Yes Net Square Feet 2289.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features Doors - Lever Handle(S) Annual Gross Expense 7436.00 Association YN No Business Type MedicalFlexOther/General RetailProfessionalOtherDay Care Facility Central Air YN Yes Cooling Fuel None Cross Street 3rd St Elevators 0 Entry Level 1 Gross Income 35100.00 Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name East Norriton Twp Insurance Expense 2268.00 Lease Considered YN Yes Maintenance Expense 1200.00 Navigable Water YN N Net Operating Income 21348.00 New Construction YN No Number Of Units Total 3 Operating Expense 4136.00 Operating Expense Includes InsuranceSnow RemovalTrash Original MLSNumber 301294233591 Owner Pays GasInsuranceLawn/Shrub CareSewerTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Negotiable Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 6316.0 Tax Assessment Amount 145220.0 Tax Lot 019 Total Actual Rent 35100.00 Trash Expense 668.00 Vacation Rental YN No Water Source Public Zoning C

    Listing courtesy of Coldwell Banker Preferred-Conshohocken.


    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-12-05T09:52:37.59.
     
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